Indeed this might happen at some levels of the game, but in chess it's not visible at the level of recent world no. 1s quitting and citing AI as a principal reason. Chess's watershed moment was in 1997, but the top players of that year all kept going for some time afterwards.
Chess may not be a reliable comparison here. Top players there can continue for a long time because they can bulk out their tournament scores with easy draws. Go players can't. Most lucrative chess tournaments are invitation events with the RSVPs going to chess players. The go equivalent is veteran's tournaments which feature very few games (e.g. the recent Yongzi cup with just four players, so two games max.) and so not much in the way of game fees. In normal go tournaments they have to work their way up through preliminaries armed with an industrial strength fly swatter to skelp the teeming brats away.
Yi Se-tol is at an age now where he is on the cusp of being a veteran. In Korea, in particular, veterans have already been squeezed out of tournaments almost completely (viz. Yi Ch'ang-ho and Yu Ch'ang-hyeok. I imagine they all sit there in dread as they see hordes of young players coming up behind them, only now they are armed with the latest AI research.
The older players can do the research as well, of course, but what you lose as you get older is not brain power or knowledge - indeed you can even feel you are improving in that regard. What you lose is mental energy.
So, even without knowing what's going through Yi Se-tol's mind, I can easily imagine he sees a bleak future even without AI to rub salt in the wounds. And I'm afraid I have to tell him it only gets worse, as the bits start dropping off...
On the other hand, I was Scottish dancing last week with a 90-year-old lady. It's pretty vigorous, balls-of the-feet stuff, three hours at a time. She told me the only trouble was getting out of the bed in the mornings. I recognised the sentiment. In the evenings you get to meet real humans with real names, not bots, and that's enough to warm the cockles of your cold, cold heart.